Nucor earnings beat by $0.08, revenue fell short of estimates
LONDON - Baillie Gifford UK Growth Trust plc (LON:BGUK) has submitted its Annual Report and Financial Statements for the year ended April 30, 2025, to the National Storage Mechanism, the investment company announced Thursday.
The report, which includes the Notice of Annual General Meeting, has been posted to shareholders and is available on the company’s website. This follows the statement of audited annual results previously announced on June 13.
In its responsibility statement, the company’s directors confirmed that the financial statements give a true and fair view of the company’s assets, liabilities, financial position, and net return.
The report outlines several principal risks facing the company, with financial, investment strategy, discount, and political risks all rated as "high." The board noted that heightened macroeconomic and geopolitical concerns are factors exacerbating existing risk areas.
During the financial year, the company bought back 17,403,697 shares. In January 2025, the board determined to use buybacks to maintain a single-digit discount in normal market conditions.
The company’s current one-year, £30 million revolving credit facility expires in July 2025, with negotiations underway to replace it.
The board regularly monitors emerging risks, including those arising from the interconnectedness of the global economy and exposure to external threats such as escalating geopolitical tensions and cyber security risks.
The information is based on a regulatory press release statement from the company.
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